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Question -

Mention some examples of regional and economic groupings.



Answer -

Every country aims to strengthen its own domestic territory. The nations are forming regional and global economic groupings such as:

  1. SAARC. It has 8 countries of South Asia.
  2.  EU has 25 independent states based on European Communities.
  3.  ASEAN. It has 5 countries of South East Asia.
  4.  G-8 (Group of Eight). It has 8 countries.
  5.  G-20 (Group of Twenty). It consists of 19 world’s largest economies.

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